Whited Inc.'s stock currently sells for $35.25 per share. The dividend is projected to increase at a constant rate of 4.50% per year. The required rate of return on the stock, r, is 11.50%. What is the stock's expected price 5 years from now? a. $43.93b. $51.40c. $52.27d. $35.58e. $53.59
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